Aviso Financial Inc. Has $73.28 Million Stake in Canadian Pacific Kansas City Limited (NYSE:CP)

Aviso Financial Inc. grew its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 15.9% in the fourth quarter, HoldingsChannel reports. The fund owned 1,012,306 shares of the transportation company’s stock after buying an additional 138,545 shares during the period. Canadian Pacific Kansas City accounts for 3.7% of Aviso Financial Inc.’s portfolio, making the stock its 8th largest position. Aviso Financial Inc.’s holdings in Canadian Pacific Kansas City were worth $73,279,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Kestra Investment Management LLC bought a new stake in Canadian Pacific Kansas City during the fourth quarter worth about $33,000. FSA Wealth Management LLC bought a new stake in Canadian Pacific Kansas City during the third quarter worth about $34,000. Stonebridge Financial Group LLC bought a new stake in Canadian Pacific Kansas City during the fourth quarter worth about $34,000. YANKCOM Partnership bought a new stake in Canadian Pacific Kansas City during the fourth quarter worth about $36,000. Finally, Spire Wealth Management bought a new stake in Canadian Pacific Kansas City during the fourth quarter worth about $44,000. Institutional investors own 72.20% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Royal Bank of Canada upped their price objective on shares of Canadian Pacific Kansas City from $124.00 to $128.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. StockNews.com cut shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a report on Wednesday, December 25th. Citigroup increased their target price on shares of Canadian Pacific Kansas City from $88.00 to $91.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. Benchmark reissued a “hold” rating on shares of Canadian Pacific Kansas City in a report on Thursday, January 30th. Finally, Stephens increased their target price on shares of Canadian Pacific Kansas City from $88.00 to $92.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $95.45.

Canadian Pacific Kansas City Stock Performance

Canadian Pacific Kansas City stock opened at $72.75 on Friday. The business has a 50 day moving average of $76.89 and a 200-day moving average of $78.30. Canadian Pacific Kansas City Limited has a 1 year low of $70.89 and a 1 year high of $91.38. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.53 and a quick ratio of 0.46. The company has a market capitalization of $67.93 billion, a P/E ratio of 25.09, a P/E/G ratio of 2.00 and a beta of 0.98.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its earnings results on Wednesday, January 29th. The transportation company reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.26. Canadian Pacific Kansas City had a net margin of 25.51% and a return on equity of 8.86%. On average, equities research analysts predict that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current year.

Canadian Pacific Kansas City Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Friday, March 28th will be given a dividend of $0.1318 per share. This represents a $0.53 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date of this dividend is Friday, March 28th. Canadian Pacific Kansas City’s dividend payout ratio is presently 17.93%.

Canadian Pacific Kansas City Company Profile

Canadian Pacific Kansas City Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada, the United States, and Mexico. The company transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; merchandise freight, such as forest products, energy, chemicals and plastics, metals, minerals, consumer products, and automotive; and intermodal traffic comprising retail goods in overseas containers.